Section 27-25-4.7


Published: 2015

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Section 27-25-4.7

Section 27-25-4.7Fees.

(a) The Commissioner of Insurance shall collect in advance the following fees:



(1) Title insurance agent licenses:



a. Individuals:



1. Application fee (for filing of initial application for license) ..............................$20



2. License fee (for issuance of original license and each biennial renewal) .....................$40



b. Business entities:



1. Application fee (for filing of initial application for license) .............................$20



2. License fee (for original license and each biennial renewal) ................................$100



c. Examination fee, an amount set by the commissioner not to exceed........................$100



d. Late renewal fee, to be paid by each title insurance agent failing to make a timely renewal of license.............$50



(2) Title insurance agent appointment fee:



a. Filing notice of appointment ...........................................$30



b. Annual continuation of appointment ................................$10



(3) Prelicensing course provider fee (for filing initial application for authority and annual renewal) an amount set by the commissioner not to exceed ........$100



(b) The fees specified in subsection (a) shall be deposited in the State Treasury and credited to the Insurance Department Fund.

(Act 2012-397, p. 1078, §2.)